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Maria is trying to remember all of the objects in her locker at school. "Let me think . . . pens, pencils, markers . . . um, math book, science book, notebooks . . . my coat, hat, and gloves . . . I can't remember any more." What learning strategy does Maria's response illustrate?
Variable Costing
An accounting method where only variable costs (costs that change with production levels) are included in product costs, excluding fixed costs.
Net Operating Income
The total profit of a business after operating expenses have been deducted, but before taxes and interest.
Variable Costing
An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold, excluding fixed manufacturing overhead.
Contribution Margin
The gap between sales income and variable expenses, showing the extent to which income aids in offsetting fixed expenses and creating earnings.
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